Investor confidence returning to Nigeria, says Adeosun

‎Kemi Adeosun, minister of finance, says Nigeria’s economy is witnessing a positive turnaround.

The minister said this at the launch of the 2017 regional economic outlook for ‎Sub-Saharan Africa by the International Monetary Fund (IMF).

The launch took place in Abuja on Tuesday.

She said investor confidence was returning to the country owing to steps taken by the government to‎ refocus the economy on the path of growth.

‎”Investor confidence is returning and it is certain we will get out of recession soon,” she said.

She said 2016 was a difficult year for the country‎, but that now things were taking a turn for the better.

‎Making a presentation on the 2017 economic outlook for Sub-Saharan Africa, Aemro Selassie, director, African department at IMF, said, “the outlook is subdued with modest growth rebound”.

He said there was a need for macroeconomic stability, social protection and structural ‎reforms for African countries to stay on the path of growth.

‎He added that macroeconomic stability could be achieved through domestic revenue mobilisation, fostering economic diversification and greater financial stability.